Beruflich Dokumente
Kultur Dokumente
Relational diagram of the main capabilities ACCA's Approved Learning Partner - content (ALP-
c) is the programme through which ACCA approves
This diagram illustrates the flows and links between learning materials from high quality content
the main capabilities (sections) of the syllabus and providers designed to support study towards ACCAs
should be used as an aid to planning teaching and qualifications.
learning in a structured way.
ACCA has one Platinum Approved Learning Partner
content which is BPP Learning Media. In addition,
there are a number of Gold Approved Learning
Partners - content.
Very broadly, these intellectual levels relate to the GUIDE TO EXAM STRUCTURE
three cognitive levels at which the Knowledge
module, the Skills module and the Professional level The structure of examinations varies within and
are assessed. between modules and levels.
Each subject area in the detailed study guide The Fundamentals level examinations contain
included in this document is given a 1, 2, or 100% compulsory questions to encourage
3 superscript, denoting intellectual level, marked at candidates to study across the breadth of each
the end of each relevant line. This gives an syllabus.
indication of the intellectual depth at which an area
could be assessed within the examination. However, The Knowledge module is assessed by equivalent
while level 1 broadly equates with the Knowledge two-hour paper based and computer based
module, level 2 equates to the Skills module and examinations.
level 3 to the Professional level, some lower level
skills can continue to be assessed as the student The Skills module examinations are all paper based
progresses through each module and level. This three-hour papers. The structure of papers varies
reflects that at each stage of study there will be a from ten questions in the Corporate and Business
Section A of both the P4 and P5 Options papers The study guide offers more detailed guidance on
contain one 50 mark compulsory question, and the depth and level at which the examinable
Section B will offer a choice of two from three documents will be examined. The study guide
questions each worth 25 marks each. should therefore be read in conjunction with the
examinable documents list.
Section A of each of the P6 and P7 Options papers
contains 60 compulsory marks from two questions;
question 1 attracting 35 marks, and question 2
attracting 25 marks. Section B of both these
Options papers will offer a choice of two from three
questions, with each question attracting 20 marks.
Analysing
Financial statements (C) and
interpreting
financial
statements
(E)
1. The need for a conceptual framework b) Apply the recognition criteria to: [2]
i) assets and liabilities.
a) Describe what is meant by a conceptual ii) income and expenses
framework of accounting.[2]
c) Discuss revenue recognition issues; indicate
b) Discuss whether a conceptual framework is when income and expense recognition should
necessary and what an alternative system occur.[2]
might be.[2]
d) Demonstrate the role of the principle of
2. The fundamental concepts of relevance and substance over form in relation to recognising
faithful representation(true and fair view) sales revenue.[2]
b) Discuss whether the use of current value 4. Legal requirements relating to the preparation
accounting overcomes the problems of of single entity financial statements
historical cost accounting.[2]
a) Identify and outline the circumstances in which
c) Describe the concept of financial and physical a single entity is required to prepare and
capital maintenance and how this affects the present statutory financial statements. [2]
determination of profits.[1]
b) Recognise and apply the laws, regulations,
B A REGULATORY FRAMEWORK FOR accounting standards and other requirements
FINANCIAL REPORTING to the preparation of statutory financial
statements of an entity[2]
1. Reasons for the existence of a regulatory
framework C FINANCIAL STATEMENTS
a) Describe the structure and objectives of the c) Interpret a statement of cash flows (together
IFRS Foundation, the International Accounting with other financial information) to assess the
Standards Board (IASB), the IFRS Advisory performance and financial position of an
Council (IFRS AC) and the IFRS Interpretations entity.[2]
Committee (IFRS IC).[2]
2. Tangible non-current assets
b) Describe the IASBs Standard setting process
including revisions to and interpretations of a) Define and compute the initial measurement of
Standards.[2] a non-current (including a self-constructed and
borrowing costs under International and UK
c) Explain the relationship of national standard rules) asset.[2]
setters to the IASB in respect of the standard
setting process.[2] b) Identify subsequent expenditure that may be
capitalised, distinguishing between capital and
3. Specialised, not-for-profit and public sector revenue items.[2]
entities
c) Discuss the requirements of relevant
a) Distinguish between the primary aims of not- accounting standards in relation to the
for profit and public sector entities and those of revaluation of non-current assets. Outline how
profit oriented entities.[1] revaluation guidance differs under UK rules
f) Identify and account for: [2] b) Define and account for non-current assets held
i) warranties/guarantees for sale and discontinued operations.[2]
ii) onerous contracts
iii) environmental and similar provisions c) Outline the different definitions and treatment
iv) provisions for future repairs or of discontinued operations and assets held for
refurbishments. sale under UK standards. [1]
b) Identify the circumstances that may indicate e) Prepare and explain the contents and purpose
impairments to assets.[2] of the statement of changes in equity.[2]
g) Earnings per share (eps) f) Explain the need for using coterminous year
i) calculate the eps in accordance with ends and uniform accounting polices when
relevant accounting standards (dealing with preparing consolidated financial statements.[2]
bonus issues, full market value issues and
rights issues) [2] g) Explain why it is necessary to eliminate intra-
ii) explain the relevance of the diluted eps and group transactions.[2]
calculate the diluted eps involving
convertible debt and share options 2. The concept of consolidated financial
(warrants) [2] statements
iii) explain why the trend of eps may be a more
accurate indicator of performance than a a) Explain the objective of consolidated financial
companys profit trend and the importance statements.[2]
of eps as a stock market indicator [2]
iv) discuss the limitations of using eps as a b) Indicate the effect that the related party
performance measure.[3] relationship between a parent and subsidiary
may have on the subsidiarys entity statements
h) Events after the reporting date and the consolidated financial statements.[2]
i) distinguish between and account for
adjusting and non-adjusting events after the c) Explain why it is necessary to use fair values
reporting date [2] for the consideration for an investment in a
subsidiary together with the fair values of a
ii) Identify items requiring separate disclosure, subsidiarys identifiable assets and liabilities
including their accounting treatment and when preparing consolidated financial
required disclosures [2] statements.[2]
b) Discuss how financial statements may be c) Indicate the effect that the application of the
manipulated to produce a desired effect different UK rules contained in this syllabus
(creative accounting, window dressing).[2] guide may have on an assessment of an
entities performance. [1]
c) Recognise how related party relationships have
the potential to mislead users.[2] d) Indicate other information, including non-
financial information, that may be of relevance
d) Explain why figures in a statement of financial to the assessment of an entitys performance.[1]
position may not be representative of average
values throughout the period for example, due 4. Specialised, not-for-profit and public sector
to: [2] entities
i) seasonal trading
ii) major asset acquisitions near the end of the a) Discuss the different approaches that may be
accounting period. required when assessing the performance of
specialised, not-for-profit and public sector
organisations.[1]
ACCA periodically reviews its qualification syllabuses so that they fully meet the needs of stakeholders such as
employers, students, regulatory and advisory bodies and learning providers.
Table 1 Additions to F7 UK
There have not been any additions to the 2012 study guide for 2013. However there have been minor
amendments to the wording of some of the study guide outcomes corresponding to changes within examinable
documents and to ensure greater clarity.
Table 2 Deletions to F7 UK
There have not been any deletions to the 2012 study guide for 2013. However there have been minor
amendments to the wording of some of the study guide outcomes corresponding to changes within examinable
documents and to ensure greater clarity.